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2019 Alaska Statutes
Title 29. Municipal Government
Chapter 47. Municipal Debt
Article 1. Revenue Anticipation Notes.
Sec. 29.47.010. Borrowing in anticipation of revenue.

Universal Citation:
AK Stat § 29.47.010 (2019)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

A municipality that is authorized to incur indebtedness may borrow money to meet appropriations for any fiscal year in anticipation of the collection of the revenues for that year, but all debt so contracted shall be paid before the end of the next fiscal year. Negotiable or nonnegotiable revenue anticipation notes may be issued as evidence of the borrowing.

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